AQR Capital Management LLC Sells 9,864 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

AQR Capital Management LLC decreased its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 10.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,683 shares of the construction company’s stock after selling 9,864 shares during the quarter. AQR Capital Management LLC owned about 0.29% of Sterling Infrastructure worth $10,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of STRL. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Sterling Infrastructure by 60.6% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,000 shares of the construction company’s stock valued at $4,660,000 after acquiring an additional 20,000 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Sterling Infrastructure by 47.1% in the first quarter. Nordea Investment Management AB now owns 50,420 shares of the construction company’s stock valued at $5,651,000 after purchasing an additional 16,142 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of Sterling Infrastructure during the first quarter valued at approximately $449,000. Principal Financial Group Inc. grew its holdings in Sterling Infrastructure by 49.8% during the first quarter. Principal Financial Group Inc. now owns 26,038 shares of the construction company’s stock worth $2,872,000 after buying an additional 8,657 shares in the last quarter. Finally, Robeco Schweiz AG purchased a new stake in Sterling Infrastructure in the 2nd quarter valued at $1,420,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $143.59, for a total transaction of $2,685,133.00. Following the completion of the sale, the executive vice president now owns 248,471 shares in the company, valued at $35,677,950.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Sunday, September 15th.

Sterling Infrastructure Trading Up 2.2 %

NASDAQ:STRL opened at $146.08 on Thursday. Sterling Infrastructure, Inc. has a 52 week low of $55.45 and a 52 week high of $152.00. The firm has a 50-day moving average price of $119.66 and a two-hundred day moving average price of $116.36. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 30.37, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results on Monday, August 5th. The construction company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.24. The business had revenue of $582.82 million for the quarter, compared to analyst estimates of $553.70 million. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. During the same period last year, the company posted $1.27 earnings per share. On average, equities analysts expect that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current fiscal year.

About Sterling Infrastructure

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.